REDWOOD CITY, Calif., April 30 /PRNewswire/ -- Excite@Home (Nasdaq: ATHM),
the leader in broadband, today announced a workforce reduction of
approximately 380 employees. The reductions will impact all divisions
throughout the company, but are more heavily weighted towards the Company's
media operations.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990528/SFF034 )
"We are reducing our workforce to better align our operating expenses with
our revenue," said Mark McEachen, executive vice president and chief financial
officer of Excite@Home. "This action is necessary to achieve our goals of
continuing to provide value to our shareholders and customers."
ABOUT EXCITE@HOME
Excite@Home is the leader in broadband, offering consumers residential
broadband services and businesses high-speed commercial services. Excite@Home
has three joint ventures outside of North America to deliver high-speed
Internet services and has localized versions of the Excite service in 15
international markets.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created by
those sections. These forward-looking statements include statements relating
to the operating results of our access services and content businesses. Actual
results may differ materially due to a number of factors, including
Excite@Home's ability to achieve subscriber growth goals; ability to reduce
its operating expenses in line with projected revenues; agreements with and
dependence on the actions of our cable partners; ability to generate revenue
from Internet agreements; and ability to continue to attract traffic to our
Web sites. The matters discussed in this press release also involve risks and
uncertainties described in Excite@Home's filings with the SEC. Excite@Home
assumes no obligation to update the forward-looking information contained in
this press release.
NOTE: Excite@Home, @Home, Excite and the "@" stylized logo are trademarks
of At Home Corporation and may be registered in certain jurisdictions.
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SOURCE Excite@Home

REDWOOD CITY, Calif., April 30 /PRNewswire/ -- Excite@Home (Nasdaq: ATHM),
the leader in broadband, today announced a workforce reduction of
approximately 380 employees. The reductions will impact all divisions
throughout the company, but are more heavily weighted towards the Company's
media operations.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990528/SFF034 )
"We are reducing our workforce to better align our operating expenses with
our revenue," said Mark McEachen, executive vice president and chief financial
officer of Excite@Home. "This action is necessary to achieve our goals of
continuing to provide value to our shareholders and customers."
ABOUT EXCITE@HOME
Excite@Home is the leader in broadband, offering consumers residential
broadband services and businesses high-speed commercial services. Excite@Home
has three joint ventures outside of North America to deliver high-speed
Internet services and has localized versions of the Excite service in 15
international markets.
This press release contains forward-looking information within the meaning
of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created by
those sections. These forward-looking statements include statements relating
to the operating results of our access services and content businesses. Actual
results may differ materially due to a number of factors, including
Excite@Home's ability to achieve subscriber growth goals; ability to reduce
its operating expenses in line with projected revenues; agreements with and
dependence on the actions of our cable partners; ability to generate revenue
from Internet agreements; and ability to continue to attract traffic to our
Web sites. The matters discussed in this press release also involve risks and
uncertainties described in Excite@Home's filings with the SEC. Excite@Home
assumes no obligation to update the forward-looking information contained in
this press release.
NOTE: Excite@Home, @Home, Excite and the "@" stylized logo are trademarks
of At Home Corporation and may be registered in certain jurisdictions.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X22210774
SOURCE Excite@Home